Turning Point
EIN: 50478786 · Pawtucket, RI
| Metric | Value |
|---|---|
| Total Expenses | $531K |
| Net Assets | $334K |
Is Turning Point Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Turning Point
Turning Point (EIN: 50478786) is a nonprofit organization based in Pawtucket, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turning Point's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turning Point is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $498K |
| Total Expenses | $531K |
| Surplus / Deficit | $-33,056 |
| Total Assets | $367K |
| Total Liabilities | $33K |
| Net Assets | $334K |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2016, Turning Point reported a deficit of $33K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 5 years of filings (2012–2016), Turning Point's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -1.1% | -2.3% | -5.1% |
| 2015 | -15.6% | -14.0% | -12.1% |
| 2014 | -2.6% | +11.5% | -6.9% |
| 2013 | +10.7% | +0.1% | +9.4% |
AI Analysis Pending
AI enrichment for Turning Point has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turning Point with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.9%.
Frequently Asked Questions about Turning Point
Is Turning Point a legitimate charity?
Turning Point (EIN: 50478786) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Turning Point spend its money?
Turning Point reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Turning Point tax-deductible?
Turning Point is registered as a tax-exempt nonprofit (EIN: 50478786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Turning Point located?
Turning Point is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 50478786.
How many years of IRS 990 filings does Turning Point have?
Turning Point has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Turning Point showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Turning Point's revenue has declined by 9.9%, moving from $553K to $498K. Total assets decreased by 15.1% over the same period, from $432K to $367K. Total functional expenses fell by 6.2%, from $567K to $531K. In its most recent filing year (2016), Turning Point reported a deficit of $33K, with expenses exceeding revenue. The organization holds $33K in liabilities against $367K in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $334K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $498K | $531K | $367K | $33K | — | View 990 |
| 2015 | $504K | $544K | $386K | $20K | — | View 990 |
| 2014 | $597K | $633K | $439K | $32K | — | View 990 |
| 2013 | $613K | $567K | $472K | $29K | — | View 990 |
| 2012 | $553K | $567K | $432K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $498K, expenses of $531K, and assets of $367K (revenue -1.1% year-over-year).
- 2015: Revenue of $504K, expenses of $544K, and assets of $386K (revenue -15.6% year-over-year).
- 2014: Revenue of $597K, expenses of $633K, and assets of $439K (revenue -2.6% year-over-year).
- 2013: Revenue of $613K, expenses of $567K, and assets of $472K (revenue +10.7% year-over-year).
- 2012: Revenue of $553K, expenses of $567K, and assets of $432K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turning Point:
Data Sources and Methodology
This transparency report for Turning Point is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.